Which of the following is NOT a source of long-term output growth?
A)growth in consumption expenditures
B)growth in labor inputs
C)growth in capital inputs
D)improved technological efficiency
E)growth in the stock of knowledge

Question

Quizplus · Accepted Answer

Growth in consumption expenditures does not directly contribute to long-term output growth. It may increase demand in the short run, but sustained long-term growth requires increases in labor, capital, technology, and knowledge.

Which of the Following Is NOT a Source of Long-Term